Tuesday, December 2, 2014

Market News In 2 Minutes @ 2nd December 2014

Market News in 2 minutes As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too.

Hence, I started this "Market News In 2 Minutes" series.

Following are the "Market News In 2 Minutes" for today :

1. REITS : Parkway Life (C2PU) - Proposed the acquisition of a 76-room nursing home property located in Fukuoka, Japan, for JPY3.5 billion (approximately $39.3 million). In view of its expected net property yield of 5.8 percent, the property is expected to be yield-accretive for unitholders and is purchased at its fair value according to a valuation report dated 11 November. The trust intends to finance the acquisition by cash. (source : Shares Investment)

2. Raffles Medical Group (R01) - Minister of Health, Mr Gan Kim Yong officiated the groundbreaking ceremony for a new extension building at Raffles Hospital on North Bridge Road. (source : The Edge Singapore)

3. Trek 2000 (5AB) - Panasonic Asia pacific has agreed to acquire a 15.34% stake in Trek's subsidiary Cloud Stringers (S) for $400K. (source : The Edge Singapore)


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